PRIA Logo™
OregonHB 20812025 Regular SessionHouseWALLET

Relating to state finance; and prescribing an effective date.

Sponsored By: Sponsor information unavailable

Became Law

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

Analyzed Economic Effects

4 provisions identified: 2 benefits, 0 costs, 2 mixed.

Legal shields and duty limits for pension

Oregon indemnifies the Investment Council, the State Treasurer, and Treasury staff for claims from actions under this law. Any action must be consistent with their fiduciary duties. They act only when they decide this in good faith.

Two-year climate report on pension

The council and the Treasurer provide a climate investing progress report to the Legislature every two years. They develop it with fund beneficiaries. The report can cover carbon‑intensity goals, just transition priorities, and improved ways to measure progress.

Law starts 91 days after adjournment

The law takes effect on the 91st day after the 2025 regular session adjourns sine die.

Oregon pension adds climate risk rules

The Oregon Investment Council and the State Treasurer analyze and manage climate risks to the pension fund. They study how climate factors affect overall returns. They also pursue lower carbon intensity by favoring investments that cut net greenhouse gas emissions. They report and analyze scope 1 and scope 2 emissions tied to fossil fuel holdings.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 61 • No: 32

Senate vote • 6/16/2025

Third reading. Carried by Meek. Passed.

Yes: 18 • No: 10

Senate vote • 6/2/2025

Finance and Revenue: Heard and Reported Out

Yes: 3 • No: 2

House vote • 5/1/2025

Third reading. Carried by Grayber. Passed.

Yes: 36 • No: 18

House vote • 4/24/2025

Revenue: Heard and Reported Out with Amendments

Yes: 4 • No: 2

Actions Timeline

  1. Chapter 433, (2025 Laws): Effective date September 26, 2025.

    7/25/2025House

  2. Governor signed.

    6/26/2025House

  3. President signed.

    6/18/2025Senate

  4. Speaker signed.

    6/18/2025House

  5. Third reading. Carried by Meek. Passed.

    6/16/2025Senate

  6. Carried over to 06-16 by unanimous consent.

    6/12/2025Senate

  7. Carried over to 06-12 by unanimous consent.

    6/11/2025Senate

  8. Carried over to 06-11 by unanimous consent.

    6/10/2025Senate

  9. Carried over to 06-10 by unanimous consent.

    6/9/2025Senate

  10. Second reading.

    6/5/2025Senate

  11. Recommendation: Do pass the A-Eng. bill.

    6/5/2025Senate

  12. Work Session held.

    6/2/2025Senate

  13. Public Hearing held.

    5/19/2025Senate

  14. Referred to Finance and Revenue.

    5/5/2025Senate

  15. First reading. Referred to President's desk.

    5/5/2025Senate

  16. Third reading. Carried by Grayber. Passed.

    5/1/2025House

  17. Second reading.

    4/30/2025House

  18. Subsequent referral to Ways and Means rescinded by order of the Speaker.

    4/29/2025House

  19. Recommendation: Do pass with amendments, be printed A-Engrossed, and subsequent referral to Ways and Means be rescinded.

    4/29/2025House

  20. Work Session held.

    4/24/2025House

  21. Public Hearing held.

    4/22/2025House

  22. Referred to Revenue with subsequent referral to Ways and Means.

    1/17/2025House

  23. First reading. Referred to Speaker's desk.

    1/13/2025House

Bill Text

  • Enrolled

    6/17/2025

    PDF

  • A-Engrossed

    4/29/2025

    PDF

  • House Amendments to Introduced

    4/29/2025

    PDF

  • HREV Amendment -1 (Adopted)

    4/24/2025

    PDF

  • HREV Amendment -2 (Proposed)

    4/24/2025

    PDF

  • HREV Amendment -1 (Proposed)

    4/22/2025

    PDF

  • Introduced

    1/10/2025

    PDF

Related Bills

Back to State Legislation